Viewpoint: If a Korean won stablecoin is introduced, it is necessary to allocate short-term government bonds and improve related systems.

According to a report by Golden Finance, Kim Pil-kyu (phonetic), a senior researcher at the Korea Capital Market Institute, stated at the "Stablecoin and Short-term Government Bonds" seminar held on the 11th in Yeouido, Seoul: "Appropriate foundational preparations should be made for the introduction of the Korean won stablecoin," and presented the above views. He pointed out that if a Korean won stablecoin is introduced, in order to enhance its payment stability and value storage function, prepared assets are needed, and the asset that can fulfill this function is short-term government bonds used to cover the government's short-term funding gap. Especially under conditions of severe fluctuations in interest rates or changes in market demand, short-term government bonds carry lower risk. Compared to long-term government bonds, their interest rates are relatively lower, which helps improve the efficiency of financing and utilization of fiscal funds, he explained.